Let’s get one thing straight up front: a 24% dividend yield is not a gift from the financial gods. It’s a warning label. It’s the equivalent of your GPS calmly saying, “Turn left into this lake,” and you actually doing it. And yet, here we are, with Oxford Lane Capital Corp. (NASDAQ: OXLC ) being passed around dividend forums like a cheat code. Investors whisper sweet nothings to themselves like, “But it's monthly,” and “The NAV doesn’t matter,” while ignoring the flames slowly licking up the sleeves of their retirement plans. So, buckle up. We’re about to dissect why OXLC’s tantalizing 24% yield might burn you worse than a bad perm in 1987. What Is OXLC Anyway? Oxford Lane Capital is a closed-end fund (CEF) that specializes in collateralized loan obligations (CLOs) —specifically, the equity tranches of those CLOs. If you just read that sentence and thought, “Wait, are we back in 2007?”—congratulations, you’re paying attention. CLOs are essentially bundled corporate loans, s...